Assignment – March 2016 Assignment Front Sheet Qualification Unit number and title Pearson BTEC Level 5 HND Diploma Business –PART TIME Unit 33: Small Business Enterprise Student Name Assessor name Mr. Sungkur Date issued Completion date Deadline 01st April 2016 03rd July 2016 Assignment title(s) Learner declaration I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. Student signature: Date:Learning Outcome Learning outcome Assessment Criteria In this assessment you will have the opportunity to present evidence that shows you are able to: Task no. LO1 Be able to design the Business Profile of a small business enterprise 1.1 produce a profile of a selected small business identifying its strengths and weaknesses T1 1.2 carry out an analysis of the business using comparative measures of performance T1 LO2 Be able to propose changes to improve management and business performance 2.1 recommend with justification, appropriate actions to overcome the identified weaknesses in the business T2 2.2 analyse ways in which existing performance could be maintained and strengthened T2 2.3 recommend with justification, new areas in which the business could be expanded T2 LO3 Be able to revise business objectives and plans to incorporate proposed changes and identify new opportunities to maintain position in the market. 3.1 revise business plans to incorporate appropriate changes T3 3.2 prepare an action plan to implement the changes T3 3.3 maintain and strengthen your position in the market and how you identify new opportunities for expansion T3 LO4 Be able to examine the impact of change management on the operations of the business 4.1 report on the impact of the proposed changes on the business and its personnel T4 4.2 plan how the changes will be managed in the business T4 4.3 monitor improvements in the performance of the business over a given timescale. T4Assignment brief Unit number and title Unit 33: Small Business Enterprise Qualification Pearson BTEC Level 5 HND Diploma in Business Start date 01st April 2016 Deadline/hand-in 03rd July 2016 Assessor Mr. Sungkur Assignment title(s) Purpose of this assignment: The purpose of the assignment is to allow students to show the various theories and concepts of small business enterprises and how they can be applied to real business context. To achieve a Distinction (D1, D2, D3), students have to make effective judgements and a very good knowledge of the theory and apply them in real business context. Relative theories and techniques should be applied on the subject matter. To achieve a Merit (M1, M2, M3), students are expected to demonstrate a good knowledge of the theory and apply them with examples. Examples should be linked with the theory. Scenario Around the globe, Small and Medium Enterprises (SMEs) have acquired a significant and pivotal position in the entire economic development process. Over the years, this sector had played a critical role in developing the Mauritian economy through creation of employment opportunities, income generation, and equitable distribution of income hence contributing towards poverty alleviation. However, this sector suffers a number of challenges in domestic and global market competition. In today's context of fast changing and dynamic economy and fierce competition, the SMEs in Mauritius, besides facing traditional hardships in finance, they are facing downturns and thus fail to find proper places for them to continue doing business. Task 1 (LO1: 1.1, 1.2) Think of a small and medium enterprise of your choice and design an appropriate Business Profile of the enterprise describing the components of the business and objectives and your responsibilities as the manager of the enterprise. Task 2 (L02: 2.1, 2.2, 2.3) You are required to show the reader what comparative measures you have taken to measure the performance of your business enterprise, and identify the different weaknesses of the selected business and what strategies you have taken to overcome those weaknesses. Task 3 (L03: 3.1, 3.2, 3.3) Seeing the difficult situation facing your Small & Medium Enterprise, you decide to revise your business objectives, business plans and action plans. After overcoming the weaknesses in your Small and Medium Enterprise, you should focus on how to maintain and strengthen your position in the market and how you identify new opportunities forexpansion of your enterprise. Task 4 (LO4: 4.1, 4.2, 4.3) You are finally required to examine the impact of the changes brought into the enterprise and evaluate how the changes are going to be managed.